Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $360.00 short put and a strike $350.00 long put offers a potential 33.33% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $360.00 by expiration. The full premium credit of $2.50 would be kept by the premium seller. The risk of $7.50 would be incurred if the stock dropped below the $350.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Amazon is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Amazon is bullish.
The RSI indicator is at 57.75 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Amazon
Amazon tests techie comedy ‘Betas' in original programming push
Thu, 21 Nov 2013 22:46:14 GMT
Reuters – When online retail giant Amazon decided to join Netflix and Hulu in the online original programming race, it didn't have to look further than its own tech backyard to find a world ripe for comedy. “Betas,” starring newcomers Joe Dinicol, Karan Soni and Charlie Saxton as dating app entrepreneurs, explores the hyper- ambition that vibrates among the inhabitants of Northern California's tech-savvy Bay Area. The first three episodes will be available to stream starting on Friday and follow Amazon's first original program “Alpha House,” a political satire about four Republican senators living together, which was rolled out last week. Amazon clients from its premium category Amazon Prime had selected both “Betas” and “Alpha House” from a short list as pilots.
Amazon to Create Hundreds of Full-Time Jobs at its New Fulfillment Center in Windsor
Thu, 21 Nov 2013 21:29:50 GMT
noodls – SEATTLE–(BUSINESS WIRE)–Nov. 21, 2013– Amazon.com, Inc. (NASDAQ:AMZN) today announced plans to open a 1 million-square-foot fulfillment center in Windsor, Conn.Amazon will create more than 300 full-time …
Which Retailer Is Going to Win Christmas?
Thu, 21 Nov 2013 21:16:10 GMT
Motley Fool – As retailers prepare for the Christmas season, which of them should be on your “Nice” list?
Amazon to Create Hundreds of Full-Time Jobs at its New Fulfillment Center in Windsor
Thu, 21 Nov 2013 21:05:00 GMT
Business Wire – Amazon.com, Inc. today announced plans to open a 1 million-square-foot fulfillment center in Windsor, Conn. Amazon will create more than 300 full-time jobs at the ful
How To Build A Web Empire: Surveillance (11/21)
Thu, 21 Nov 2013 20:58:16 GMT
Bloomberg – Nov. 21 (Bloomberg) — Full episode of “Bloomberg Surveillance.” Guests: Alexis Ohanian, Lanhee Chen, David Saltzman, Moshe Koyfman, and Wendy Liebmann. (Source: Bloomberg)
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